Glendale has a $25 million bill due Monday...
Glendale has until Monday to pay $25 million to the National Hockey
League to cover this season's Phoenix Coyotes losses, according to a bill sent to the city Tuesday.
The documents, sent a week after the team finished its season in the playoffs, show that actual losses for eight months ending in March totaled $36.6 million.
Glendale promised the NHL last year that it would set aside $25 million from a utilities-repair account to pay team losses in exchange for more time to land a team owner. For months, the money sat untouched.